1
Q
Government/business agencies for help and support
A
- Grants and loans
- Subsidies
- Dedicated agencies (support and advice)
- Training
- Tax incentives
- Relaxed government policies (rapid business licensing)
- Special economic zones: area with different business and trade laws
2
Q
Sources of help and support
A
Formal:
- Government/business agencies
- Consultants: experts that charge a fee for their advice and guidance
- Financial institutions: provide micro loans
- Charities and not-for-profit (can provide seed capital for the poor)
- Teachers: theoretical and practical learning
- Business networks and other entrepreneurs: Gathering of entrepreneurs to discuss ideas and explore partnerships (mentors)
Informal:
- Friends and family: Inspire and encourage, may lead to decisions based on emotions rather than reason.
